Can Mark Cuban save America from high prescription drug prices?

Mark Cuban's Cost Plus Drug Company officially launched its online pharmacy. Cost Plus Drugs Company,The goal of Cost Plus Drugs Company is to lower prescription drug costs for consumers and health plans by eliminating supply chain middlemen. Through direct negotiations with drug makers and pharmacies, the drug company can offer discounted prices for more than 100 medicines, resulting in savings for employer health plans, private insurers and government insurance plans.

However, Cost Plus Drugs Company only takes payments in cash. Almost one-quarter of Americans take more than three medicines daily,— that’s approximately 1 out of 4 of your friends and family who take multiple medicines every day. American wage increases have not kept up with the rate of inflation. Minimum wage in Texas is $7.25 an hour, equaling $290 dollars a week. After paying for housing, transportation, child care and other daily needs, little cash is left to spend on medications., many medicines on their website are listed below $47 dollars a month. However, cash-only drug payments that rely on out-of-pocket spending from workers will still be a heavy lift for many Americans.

Maybe we can look forward to disruptive innovations such as employer-based drug cost assistance programs similar to personal health care spending accounts, guaranteed lower premiums or lower deductible plans from insurers. And, if we dare to dream, we might see employer savings directly translating to higher wages for workers.

I’m in for 10% ownership.

No - Cuban’s message is getting old and his cocky “I don’t care” attitude gets no support from me and many others! Just because he got lucky once — doesn’t mean he knows everything!

mcuban crush big pharma, have it driven before you, and hear the lamentations of its depraved, greedy investors!

Go for it!

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Billionaire Mark Cuban launches online pharmacy aimed at lowering generic drug pricesSky-high drug costs have long been a problem in the U.S. The investor and Dallas Mavericks owner hopes to change that through his pharmacy, which Cuban said will bypass health care industry 'middlemen' and only charge minimal fees.
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